Caesars call volume above normal and directionally bullish

Bullish option flow detected in Caesars with 22,283 calls trading, 5x expected, and implied vol increasing almost 10 points to 50.79%. 5/31 weekly 40 calls and 5/31 weekly 36 calls are the most active options, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 0.44. Earnings are expected on July 30th.